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Tax Services | Corporate Tax in UAE

Strategic advisers for excellence.

What we offer !

A Well Versed Team of Corporate Tax Services in UAE

Are you prepared for the new UAE corporate tax regulations?

Our UAE corporate tax services can help!

As of June 1, 2023, a 9% corporate tax applies to businesses exceeding AED 375,000 in profits. Free zone businesses, however, remain exempt.

SIAA, a leading UAE corporate tax service provider, offers tailored solutions through accredited tax agents.

Our dedicated team of expert advisors in Dubai provides the best corporate tax services in the city. Combining local and international tax law expertise with years of industry experience, they deliver top-notch corporate tax consultancy.

Our goal: Helping your company thrive.

We leverage insights, innovation, and extensive business knowledge to ensure your success. Our UAE corporate tax services guarantee compliance with Federal Tax Authority (FTA) regulations. Trust SIAA’s experts to navigate the complexities of corporate tax in the UAE.

Audit Firm in UAE ,Audit and Accounting Services in Dubai
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Commencement of Corporate Tax in UAE:

  • Corporate Tax (CT) will be applicable for financial years beginning on or after 1 June 2023.
  • For companies adopting a financial year from 1 June 2023 to 31 May 2024, CT will be enforced starting 1 June 2023. The initial tax return filing is anticipated towards the end of 2024.
  • Companies following a calendar year from 1 January 2023 to 31 December 2023 will be subject to CT starting 1 January 2024. Filing for these companies is expected to be due around mid-2025.

Corporate Tax in UAE

What is Corporate Tax in the UAE?

The UAE implemented a 9% corporate tax on June 1, 2023, for businesses exceeding AED 375,000 in profits. However, free zone businesses remain exempt from corporate tax.

Are You Ready for UAE Corporate Tax?

Our team is the leading provider of corporate tax services in the UAE. We offer customized tax solutions with approved corporate tax consultants.

This initiative reflects the UAE’s commitment to world-class tax practices. Their goals are to:

  • Promote economic development
  • Ensure businesses follow international standards
  • Prevent illegal tax practices


We Can Help with UAE Corporate Tax

Whether you need assistance with UAE corporate tax or guidance from a corporate tax consultant in the UAE, SIAA is here for you. Our tailored corporate tax services in UAE provide effective solutions and ensure compliance with tax regulations. This helps your business thrive in the dynamic UAE market.

Corporate Tax Rates in UAE vary based on the taxable income of businesses

  • A 0% corporate tax rate applies to taxable income up to AED 375,000.
  • For taxable income exceeding AED 375,000, a 9% corporate tax rate is applicable.
  • Multinational corporations subject to OECD Base Erosion and Profit-Sharing laws under Pillar 2 of the BEPS 2.0 framework, with combined worldwide revenues surpassing AED 3.15 billion, face a 15% corporate tax rate.

Corporate Tax on Free Zones in UAE

Free Zone companies or Qualifying Free Zone Persons in the UAE can enjoy a special Corporate Tax rate of 0% on their “Qualifying Income in UAE.” This qualifying income is determined based on the transactions conducted by these entities.

However, if Free Zone businesses fall under the Corporate Tax regulations for Free Zones according to the UAE Corporate Tax Regime, they may be subject to a corporate tax rate of 9%.

Our Corporate Tax Services in UAE

Square International Auditing and Advisory offers comprehensive corporate tax services in UAE, ensuring you cover all essential elements. Our team of highly professional and experienced corporate tax consultants in UAE will actively assist you in implementing effective corporate tax strategies. Here’s what our UAE corporate tax services include:

Corporate Tax Assessment/Advisory
Corporate Tax Registration
Corporate Tax Return Filing

Paying Tax Is Not a Punishment, It Is Our Responsibility. We Pay It for a Civilized Society

We Are Ready to Serve You Differently.

SIAA has over 12 years of industry expertise and leverages that to provide top-notch Corporate Tax Services in UAE. We excel in both VAT services and tax consultancy in Dubai. Our firm is dedicated to delivering professional guidance and personalized customer support, ensuring we walk alongside you at every step of your financial endeavors.

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Square International Auditing & Advisory: Your Trusted Partner for Corporate Tax in UAE

The UAE’s tax environment is constantly changing, and staying compliant is critical. That’s where Square International Auditing & Advisory comes in. We’re a leading provider of corporate tax services in UAE, and we understand the challenges you face.

Our team of seasoned experts specializes in VAT, Corporate Tax, Excise Tax, and ESR. We offer customized tax consultancy services to help you navigate complex regulations efficiently. We focus on optimizing your tax efficiency and ensuring compliance, so you can focus on running your business.

We’re one of the leading corporate tax consultants in UAE, and we’re here to support you with all your corporate tax needs, whether you’re a small business or a multinational corporation.

Navigate the Evolving UAE Tax Landscape with Square International Auditing & Advisory.

Corporate tax is a direct tax applied to the net income or profit of businesses operating in the UAE. The UAE introduced corporate tax to achieve several goals:

  • Solidify the UAE’s position as a global hub for business and investment.
  • Accelerate the country’s development and achieve strategic objectives.
  • Demonstrate the UAE’s commitment to international tax transparency standards and prevent harmful tax practices.

The UAE government imposes corporate tax on all businesses and individuals with a valid UAE license who conduct commercial activities. This applies even to free zone businesses, although they can continue to benefit from existing corporate tax incentives as long as they follow the regulations and operate within the UAE mainland. Foreign entities and individuals only need to pay corporate tax if they are actively conducting business in the UAE on an ongoing or regular basis. Activities such as banking operations, real estate management, construction, development, agency services, and brokerage are also subject to corporate tax.

Businesses engaged in the extraction of natural resources will remain exempt from Corporate Tax, as they will continue to be subject to the existing Emirate level corporate taxation. Dividends and capital gains earned by a UAE business from qualifying shareholdings will also be exempt from CT. Additionally, qualifying intra-group transactions and reorganizations will not be subject to Corporate Tax, provided that all necessary conditions are met.

  • An individual’s salary and other employment income, regardless of whether it is received from the public or private sector.
  • Interest and other income earned by individuals from bank deposits or saving schemes.
  • Income earned by foreign investors from dividends, capital gains, interest, royalties, and other investment returns.
  • Real estate investments made by individuals in their personal capacity.
  • Dividends, capital gains, and other income earned by individuals from owning shares or other securities in their personal capacity.
  • 0 percent for taxable income up to AED 375,000.
  • 9 percent for taxable income above AED 375,000.
  • A different tax rate for large multinationals that meet specific criteria set with reference to ‘Pillar two’ of the OECD Base Erosion and Profit Shifting Project, which has not yet been specified.

The Federal Tax Authority (FTA) is responsible for the administration, collection, and enforcement of the Corporate Tax. For more information on corporate tax, as well as guidance on how to register and file returns, please refer to the FTA’s website.

  • For profits up to AED 375,000, no corporate tax is applied.
  • If profits exceed AED 375,000, the amount exceeding this threshold is subject to a 9% corporate tax rate.
  • For instance, if profits amount to AED 400,000, the taxable amount is AED 25,000 (AED 400,000 – AED 375,000). At a 9% tax rate, the corporate tax for the financial year would be AED 2,250.

In summary, profits below or up to AED 375,000 are exempt from the 9% corporate tax in the UAE.

In the UAE, a Taxable Person must file a Corporate Tax return within 9 months from the end of each tax period. This deadline applies to paying any Corporate Tax owed for the respective Tax Period.

Failure to comply with Corporate Tax regulations established by the Ministry of Finance and the Federal Tax Authority may result in fines and penalties.

  • Businesses involved in the extraction of natural resources, as regulated by Emirate-based corporate taxation laws.
  • Dividends and capital gains derived from UAE businesses by qualifying shareholders.
  • Intra-group transactions and reorganizations, provided that specific conditions are fulfilled.
  • Earnings such as salaries and similar income, whether from the public or private sector.
  • Interest earned from bank deposits or saving schemes.
  • Income generated from dividends, capital gains, interest, royalties, and other investment returns by foreign investors.

Corporate Tax management need not be a source of concern. With Square International Auditing & Advisory as your partner, you can streamline your corporate tax responsibilities with confidence. Whether you require support with Corporate Tax Registration,Corporate Tax Advisory,Corporate Tax Assessment,Corporate Tax Return Filing, our team is prepared to assist your business at every stage. Reach out us today to learn more about our Corporate Tax services and discover how we can help your business excel in corporate tax compliance and optimization in the UAE.

Value Added Tax (VAT) Service in UAE

The introduction of Value Added Tax (VAT) in the UAE has transformed the landscape of financial compliance for businesses of all sizes. With strict regulations and complex procedures, it’s essential to have expert guidance to ensure VAT compliance while optimizing your financial operations. At Square International Auditing & Advisory, we offer a comprehensive suite of VAT services that empower your business to thrive in this new tax environment. Our Comprehensive VAT Services include:

For your business, VAT registration is essential. Our expert team facilitates this process seamlessly, ensuring full compliance with regulations.

VAT filing can be complex, but our experts handle it all. We manage VAT return preparation and submission, easing your burden.

Our VAT refund services are tailored to optimize your cash flow, ensuring you maximize your refund potential.

Navigating VAT penalties can be daunting. Our VAT penalty resolution services are here to help you through these situations effortlessly.

Why Choose Square International Auditing & Advisory for VAT Services?

We at Square International Auditing & Advisory understand the complexities and challenges of UAE VAT compliance. Let us show you why we’re the perfect choice for your VAT needs:

  • VAT Expertise: Our team of VAT experts has extensive knowledge of UAE tax laws. We ensure you receive the best advice and solutions for your business.
  • Personalized Approach: Every business is unique. We tailor our VAT services to your specific needs, providing a customized approach.
  • Compliance & Efficiency Made Easy: Our goal is to make your business tax-efficient and fully compliant with VAT regulations. We help you avoid penalties and legal issues.
  • Timely & Accurate Service: We value your time. We’re committed to delivering fast and accurate service, allowing you to focus on running your business.

Don’t Be Overwhelmed by VAT,With Square International Auditing & Advisory by your side, you can navigate the complexities of VAT with confidence. We support your business every step of the way, from VAT registration and filing to refund claims and penalty resolution.Contact Us Today!  Learn more about our VAT services and how we can help your business thrive in the VAT era. Reach out today!

                                                                              Excise Tax Services

Excise tax is a type of indirect tax imposed on specific goods that are considered harmful to human health or the environment. In the United Arab Emirates, excise tax was introduced on October 1, 2017, as part of the country’s efforts to diversify revenue sources and promote healthier lifestyles.

Excise Taxable Goods

In the UAE, excise tax is primarily applied to three categories of goods:

  1. Tobacco Products: This includes cigarettes, cigars, and other tobacco-related products.
  2. Carbonated Drinks: Any non-alcoholic beverage containing added sugar or sweeteners is subject to excise tax. This category mainly targets carbonated soft drinks.
  3. Energy Drinks and Electronic Smoking Devices: Energy drinks and electronic smoking devices, such as e-cigarettes, are also subject to excise tax.
Consumer Impact

The introduction of excise tax in the UAE has led to increased prices for excise taxable goods. This was done to discourage the consumption of harmful products and promote healthier choices among consumers. It also contributes to government revenue, which can be invested in various public services and infrastructure projects.

                                                                  Economic Substance Regulations(ESR)

When it comes to conducting business in the United Arab Emirates (UAE), understanding and adhering to Economic Substance Regulations (ESR) is essential. ESR is a framework of rules and guidelines designed to ensure that companies in the UAE engage in substantive activities, in line with international standards, all while preserving economic transparency.

The Significance of UAE ESR

ESR carries paramount significance in the UAE by aligning the nation with international best practices. It promotes economic transparency and ensures that businesses operating in the UAE are substantially engaged in activities. Moreover, these regulations are aimed at deterring harmful tax practices, which, in turn, fortify the UAE’s stature as a global business hub.

Who Must Comply with ESR?

It’s worth noting that ESR isn’t universal; it applies predominantly to licensees participating in specific activities. Some entities may qualify for exemptions. Understanding your responsibilities under ESR is fundamental to ensure your business remains in compliance.

Why Choose Square International Auditing & Advisory for Tax Consultancy?

At Square International Auditing & Advisory, our team of tax experts uses their in-depth knowledge of UAE tax regulations to provide you with personalized, practical solutions. Here’s why you should choose us for your tax consultancy needs:

  • Expertise and Experience: We leverage our extensive experience in various tax disciplines to ensure you receive the best advice and solutions.
  • Personalized Approach: We understand that every business is unique. We tailor our services to meet your specific business needs, guaranteeing a customized approach.
  • Compliance and Efficiency: We make your business tax-efficient while ensuring full compliance with UAE tax regulations. This helps you avoid penalties and legal issues.
  • Up-to-Date Knowledge: Our team stays on top of the latest tax laws and regulations to provide you with the most accurate advice and solutions.
  • Proactive Planning: We believe in proactive tax planning, helping you anticipate and mitigate tax liabilities.
  • Timely and Accurate Service: We value your time and commit to delivering services in a timely and accurate manner.

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